Wall St slide halts Bursa rally

0
22

KUALA LUMPUR: Reacting to a droop on Wall Street in a single day, Bursa Malaysia equities began on an unsure notice in early Friday buying and selling with buyers opting to money in on among the earlier session’s positive aspects.

According to Malacca Securities Research, buying and selling available on the market remained skinny amid warning over combined sentiment throughout regional markets.

“Following one other spherical of selloffs on Wall Street led by Meta on the again of poor earnings, we reckon regional inventory markets to stay fragile, which finally could spillover to shares on the native entrance,” mentioned the analysis agency.

However, losses have been slight owing to a bounce in US after-hours buying and selling as Amazon launched a stellar earnings consequence, which supported market sentiment.

At 9.05am, the FBM KLCI was down 0.51 factors to 1,525.22. There have been 105 gainers in comparison with 135 decliners for a barely detrimental market breadth.

There have been some profit-taking on the blue-chip index with monetary counters taking a step again from current positive aspects.

Maybank dropped two sen to RM8.30, Public Bank shed one sne to RM4.22, and Hong Leong Bank misplaced 10 sen to RM19.42.

Tenaga Nasional dropped 4 sen to RM9.18, Petronas Chemicals slid 4 sen to RM8.86 and Axiata misplaced three sen to RM3.83.

Among actives DNeX rose two sen to RM1, AHB was unchanged at 14 sen and Armada gained two sen to 57 sen.



Source link